Macroeconomics Review

In the business cycle, growing G.D.P. and inflation are signs of a recession.

• True
• False

Unemployed plus employed 

• Unemployed
• Unemployment Rate
• Labor Force
• Total Population

Someone without a job a job who has quit looking 

• Intermediate Goods
• Discouraged Worker
• Structural Unemployment
• Seasonal Unemployment

The general increase in the price of goods and services 

• Retention 
• Gross Domestic Product
• Unemployment
• Inflation

Unemployment caused by lack of skills

• Structural Unemployment
• Frictional Unemployment
• Seasonal Unemployment
• Discouraged Workers

Goods used to create finished products 

• Final Goods
• Non-Durable Goods
• Intermediate Goods
• Durable Goods

This is a way to illustrate how prices of a regular group of goods and services changes over time.​

• Consumer Price Index
• Final Goods 
• Market Basket
• Durable Goods

Which of the following is not a goal of macroeconomics?

• Limit Unemployment
• Keep pay off the national debt
• Keep Prices Stable
• Keep economy growing over time

True or False:
A recession is when in 2 successive quarters, or 6 months Real GDP decreases.

• True
• False

What is NOT a consequence of expansionary fiscal policy?

• AD shifts Right
• Increased Price levels
• increased output
• increased unemployment